Business
TransForce Announces 2014 Second Quarter Results
Total revenue of $889.1 million , up 12.2% from $792.3 million last year EB...
About this update from Tfi International Inc.
[{"type":"text","content":"\n\n\n\n\n\n\nTotal revenue of $889.1 million, up 12.2% from $792.3 million last year\n\n\nEBIT1,4 of $79.5 million, up $17.2 million or 27.6% year-over-year, EBIT margin\n improved to 8.9% \n\n\nFree cash flow4 generation of $97.4 million reflecting disciplined capital management\n\n\nAppointment of Alain Raquepas as Chief Financial Officer of TransForce\n\n\n\nMONTREAL, July 24, 2014 /CNW Telbec/ - TransForce Inc. (TSX: TFI)\n (OTCQX: TFIFF), a North American leader in the transportation and\n logistics industry, today announced its results for the second quarter\n ended June 30, 2014.\n\n\n\"TransForce's solid second-quarter results reflect constant discipline\n in the execution of its business strategy and in capital management.\n While revenue growth mainly stems from acquisitions, the year-over-year\n EBIT1,4 improvement in all operating segments attests to our relentless efforts\n to optimize asset utilization and operating efficiency. Free cash flow\n continues to benefit from the sale of excess assets and our focus on\n return on capital employed to generate superior returns, to the benefit\n of our shareholders,\" said Alain Bédard, Chairman, President and Chief\n Executive Officer of TransForce.\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nFinancial highlights\n\n\nQuarters ended June 30,\n\n\n \n\n\nSix months ended June 30,\n\n\n\n\n(in millions of dollars, except per share data)\n\n\n2014\n\n\n \n\n\n2013\n\n\n \n\n\n2014\n\n\n \n\n\n2013\n\n\n\n\nTotal revenue\n\n\n889.1\n\n\n \n\n\n792.3\n\n\n \n\n\n1,659.6\n\n\n \n\n\n1,542.0\n\n\n\n\nRevenue excluding fuel surcharge\n\n\n779.1\n\n\n \n\n\n709.9\n\n\n \n\n\n1,458.9\n\n\n \n\n\n1,380.9\n\n\n\n\nIncome from operating activities (EBIT1,4)\n\n\n79.5\n\n\n \n\n\n62.3\n\n\n \n\n\n112.7\n\n\n \n\n\n106.8\n\n\n\n\nFree cash flow2\n\n\n97.4\n\n\n \n\n\n91.1\n\n\n \n\n\n132.5\n\n\n \n\n\n111.7\n\n\n\n\nAdjusted net income3\n\n\n49.1\n\n\n \n\n\n39.2\n\n\n \n\n\n70.8\n\n\n \n\n\n64.7\n\n\n\n\n \n\n\nPer share - diluted ($)\n\n\n0.48\n\n\n \n\n\n0.40\n\n\n \n\n\n0.71\n\n\n \n\n\n0.67\n\n\n\n\nNet income4\n\n\n62.8\n\n\n \n\n\n26.6\n\n\n \n\n\n68.7\n\n\n \n\n\n45.4\n\n\n\n\n \n\n\nPer share - diluted ($)\n\n\n0.61\n\n\n&#...